Complete reading of chapter 10 by Tuesday, January 5, complete key questions 5, 6 and 12. Likely there will be a quiz the week of January 4 https://www.youtube.com/watch?v=zXzcHyYDLLE
Amazon story
Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want!
NOTE: Tax spreadsheets handed out in class on Friday 9/26
APEcon tax rates worksheet practice limited answers.xlsx
APEcon tax rates worksheet practice limited answers.xlsx
2nd test will be on Chapter 2 and 4 as well as other material assigned.
All homework should be typed except graphs and diagrams can be handwritten
Week of 9/15- Read Chapter 2
Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want!
NOTE: Tax spreadsheets handed out in class on Friday 9/26
APEcon tax rates worksheet practice limited answers.xlsx
APEcon tax rates worksheet practice limited answers.xlsx
2nd test will be on Chapter 2 and 4 as well as other material assigned.
All homework should be typed except graphs and diagrams can be handwritten
Test chapter 1 and 5 FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST. IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS -RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027 - YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS - ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
Test chapter 1 and 5 FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST. IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS -RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027 - YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS - ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST.
IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS
-RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027
- YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS
- ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
stbalazs@darienps.org
Telephone 655-3981 extension 2205
Textbook: [[McConnell 18th Editionhttp://highered.mcgraw-hill.com/sites/0025694212/- - NOTE]] THE WEBSITE ALSO IS LOADED WITH STUDY MATERIAL
Good tutorial site---www.reffonomics.com
Also try Khanacademy.org
scarcity and Hamilton tickets
http://www.nytimes.com/2016/10/23/upshot/i-paid-2500-for-a-hamilton-ticket-im-happy-about-it.html?_r=0
apecon macro tools fiscal policy wksht.pdf
apecon macro fisc and Monetary policy Agg Supply wkht.pdf
Monetary policy and Federal Reserve worksheets
business cycles and growth wkshts
Readings for Macroeconomics- p. 466-475 (Macroeconomics) p479-494 (GDP) p. 521-535
(inflation and unemployment)
Apecon ch16
aoecon ch16 review guide.pdf
crumbling infrastructure
http://www.pbs.org/newshour/bb/crumbling-infrastructure-inhibiting-american-productivity/
economics of stadiums
https://www.youtube.com/watch?v=VMQsYENfWJ8
Elizabeth Warren- Nobody Got Rich without Government
https://www.youtube.com/watch?v=XcFDF87-SdQ
rick santelli
https://www.youtube.com/watch?v=bEZB4taSEoA
Cap n Trade v. Carbon Tax
https://www.youtube.com/watch?v=r6KsTnICxiY
Climate change- costs/benefits
https://www.youtube.com/watch?v=l7L7dyhd0yc
https://www.youtube.com/watch?v=WW22o5uFEDw
Jimmy Kimmel
https://www.youtube.com/watch?v=9UCdFbyL8y0
UNTIL 3/21
Ronald Coase Obituary
http://www.nytimes.com/2013/09/15/business/ronald-coase-a-pragmatic-voice-for-governments-role.html?_r=0
interview--
https://www.youtube.com/watch?v=04zFygmeCUA
Carbon Tax and Cap and Trade- https://www.youtube.com/watch?v=r6KsTnICxiY
Khan Academy- Positive Externalities and deadweight loss
https://www.youtube.com/watch?v=TSTLLFJbaA4
Khan Academy- negative Externalites and deadweight loss
https://www.youtube.com/watch?v=nBw6KvU51BE
Khan Academy- Externalities, Taxes and Deadweight Loss
https://www.youtube.com/watch?v=UYShebe44Xs
- Details
- Download
- 992 KB
Chapter 12apecon ch12 review packet.pdf
http://www.pbs.org/newshour/bb/seattle-restaurant-industry-caught-middle-15-minimum-wage-debate/
https://www.youtube.com/watch?v=5IsoaOOWOZg
https://www.youtube.com/watch?v=EHFT4U2-yFI (is it working?)
http://www.pbs.org/newshour/bb/labor-saving-robots-spell-doom-american-workers/
Minimum wage? worth it? $15 per hour
http://player.pbs.org/viralplayer/2365236423/
http://www.pbs.org/newshour/making-sense/will-your-job-exist-in-the-future-or-will-a-robot-have-replaced-you/ Factors of Production-
https://www.youtube.com/watch?v=XYtL_wEPj9A Oligopsony?
https://www.pbs.org/newshour/show/brink-jobless-future (jobless future 2017)
https://www.youtube.com/watch?v=wb2cI_gJUok (man v. machine 2012)
https://www.youtube.com/watch?v=zwwPtKiIn4M (labor saving 2015
Oligopoly
https://www.khanacademy.org/economics-finance-domain/microeconomics/perfect-competition-topic/monopolistic-competition-oligop/v/oligopolies-duopolies-collusion-and-cartels
Game Theory
https://www.khanacademy.org/economics-finance-domain/microeconomics/nash-equilibrium-tutorial/nash-eq-tutorial/v/prisoners-dilemma-and-nash-equilibrium
Beautiful Mind- Nash Equillibrium bar scene
http://www.bing.com/videos/search?q=beautiful+mind+bar+scene&view=detail&mid=45132B97388744302ACE45132B97388744302ACE&FORM=VIRE3
Wendy's Commercial
http://www.bing.com/videos/search?q=russian+fashion+show+wendy's&view=detail&mid=D80AF40904C01567AA94D80AF40904C01567AA94&FORM=VIRE1
Concentration Ratios
http://www.investopedia.com/exam-guide/cfa-level-1/equity-investments/concentration-ratio-herfindahl-index.asp
Beautiful Mind bar, Nash Equillibrium Scene
https://www.youtube.com/watch?v=CemLiSI5ox8
Good and clear explanation of Nash Equillibrium
pt 1
https://www.youtube.com/watch?v=C85jOlRt_88
pt 2
https://www.youtube.com/watch?v=0i7p9DNvtjk
Jane Austen and Game Theory
http://www.pbs.org/newshour/rundown/economics-game-theory-and-jane-austen/
Updated description of Beer Industry
http://www.nytimes.com/2013/03/03/magazine/beer-mergers.html?pagewanted=all&_r=0
READ CHAPTERS 11 AND 11APPENDIX
In class worksheet
apecon ch11 monopolistic oligopolistic comp.pdf
Chapter 10 Read through p. 201-211 by Tuesday 12/22. Complete practice quiz on p. 208
Answers to worksheets
Complete reading of chapter 10 by Tuesday, January 5, complete key questions 5, 6 and 12. Likely there will be a quiz the week of January 4
https://www.youtube.com/watch?v=zXzcHyYDLLE
Amazon story
Drugs, Patents and lobbyinghttp://www.pbs.org/newshour/videos/#166573
Luxottica-- monopoly
http://www.youtube.com/watch?v=gDdq2rIqAlM
Monopoly-
http://www.nytimes.com/2014/03/01/technology/engineers-allege-hiring-collusion-in-silicon-valley.html?emc=eta1&_r=0
http://www.pbs.org/newshour/bb/facebook-spends-billions-messaging-app/
Facebook and whatsapp
https://www.youtube.com/watch?v=tdLBzfFGFQU
Milton Friedman
https://www.youtube.com/watch?v=K-sFSmho4dU
De Beers Monpooly
http://www.usatoday.com/story/news/nation/2013/06/17/supreme-court-brand-generic-drug-profit-sharing-deals/2178489/
pharmaceutical companies and rent seekingChapter 9
Chapter 9
Perfect (Pure) competition
https://www.youtube.com/watch?v=Mgl8ZVnezyw
Chapter 9
Perfect (Pure) competition
https://www.youtube.com/watch?v=1eO90aV-5G8
elasticity
https://www.youtube.com/watch?v=ZDPNY7yfjsE
Behavioural economics and Gifting
https://www.youtube.com/watch?v=oQqN7Ij5i2A&list=PLgawtcOBBjr-sX2UFH8uvKPmfVZewJ8tE&feature=player_detailpage
Complete 2/3rd of Mr. Stepsis ch7 quizzes/tests earn 2 points for chapter 7 test, complete all get 4 points added.- must be completed by Thursday 11/13
NUDGE http://www.nytimes.com/2015/11/01/upshot/the-power-of-nudges-for-good-and-bad.html?ref=economy&_r=0
$740 for a SRO ticket
http://www.nytimes.com/2015/11/01/sports/baseball/pay-740-for-sro-at-the-world-series-ya-gotta-believe.html?hp&action=click&pgtype=Homepage&module=second-column-region®ion=top-news&WT.nav=top-news
Videos
http://www.pbs.org/newshour/bb/economists-think-differently-humans/
http://www.pbs.org/newshour/making-sense/why-not-give-money-instead-of/
http://www.pbs.org/newshour/making-sense/what-are-your-christmas-gifts-worth-to-you/http://www.pbs.org/newshour/bb/if-santas-workshop-was-run-by-behavioral-economists/
http://www.pbs.org/newshour/making-sense/the-economic-waste-of-christma/
Great Article on Surge/Congestion Pricing and the Real World--
https://www.nytimes.com/2017/10/14/upshot/why-surge-prices-make-us-so-mad-what-springsteen-home-depot-and-a-nobel-winner-know.html
chapter 2 and 4
http://www.econedlink.org/tool/267- Red Ink
http://video.pbs.org/viralplayer/2160792049/ income inequality
Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want!
NOTE: Tax spreadsheets handed out in class on Friday 9/26
- Details
- Download
- 29 KB
tutorial for tax worksheet- Details
- Download
- 13 KB
NOTE: CH4 REVIEW PACKET IS MISSING MULTIPLE CHOICE ANSWERS --SEE ATTACHED FOR ANSWERSapecon ch4 rev packet multiple choice ans.docx
2nd test will be on Chapter 2 and 4 as well as other material assigned.
All homework should be typed except graphs and diagrams can be handwritten
Week of 9/15- Read Chapter 2
http://www.nytimes.com/2016/09/29/business/economy/more-wealth-more-jobs-but-not-for-everyone-what-fuels-the-backlash-on-trade.html?src=me&_r=0
http://www.econedlink.org/tool/267- Red Ink
http://video.pbs.org/viralplayer/2160792049/ income inequality
Tentative test date Friday 10/2 you will be allowed to bring in one page- HANDWRITTEN notes- you can use both sides of the page. Include as little or as much as you want!
NOTE: Tax spreadsheets handed out in class on Friday 9/26
- Details
- Download
- 29 KB
tutorial for tax worksheet- Details
- Download
- 13 KB
NOTE: CH4 REVIEW PACKET IS MISSING MULTIPLE CHOICE ANSWERS --SEE ATTACHED FOR ANSWERSapecon ch4 rev packet multiple choice ans.docx
2nd test will be on Chapter 2 and 4 as well as other material assigned.
All homework should be typed except graphs and diagrams can be handwritten
Test chapter 1 and 5
FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST.
IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS
-RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027
- YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS
- ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
- Details
- Download
- 1 MB
(several slides on Comparative Advantage)benefit corp.
https://www.youtube.com/watch?v=G9OUjlxqE9A
Shared economy- AirBNB
https://www.youtube.com/watch?v=O4YXbj0tMjs
https://taxfoundation.org/income-taxes-account-largest-share-federal-revenue/
Chapter 1 and 5 videos that run w/the curriculum
Rational Maximizing
https://www.youtube.com/watch?v=2YbYPMFHjnI
Utility Maximization
https://www.youtube.com/watch?v=Q39XfpU2wB8
Production Possibility Curve- video Paul Solman
Part I-https://www.youtube.com/watch?v=83m0_pCky50&t=9s
Part 2-
https://www.youtube.com/watch?v=iEpgSkzXuT8
trade
https://www.youtube.com/watch?v=ZftEzWGD2Z8&disable_polymer=true
Test chapter 1 and 5
FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST.
IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS
-RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027
- YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS
- ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
- Details
- Download
- 1 MB
(several slides on Comparative Advantage)Test chapter 1 and 5 also p. 746-750
FOR THE CHAPTER 1, 5 AND COMPARATIVE ADVANTAGE TEST.
IN ADDITION TO WHAT'S BEEN DISCUSSED IN CLASS
-RULE OF 72 WILL BE ON TEST AS A MULTIPLE CHOICE QUESTION. RULE OF 72 IS SIMPLE. 72 IS THE NUMERATOR, THE DENOMINATOR IS THE PERCENTAGE CHANGE TREATED AS AN ABSOLUTE NUMBER. THE VALUE OF THE EQUATION IS THE NUMBER OF YEARS IT WILL TAKE FOR A SUM TO DOUBLE. EXAMPLE, IF THE PERCENTAGE RATE IS 6%, THEN THE EQUATION IS 72/6 WHICH EQUALS 12. THEREFORE IF YOU PUT $100 IN THE BANK IN 2015 AT A 6% SAVINGS RATE WILL BECOME $200 IN THE YEAR 2027
- YOU ARE ALSO RESPONSIBLE TO REVIEW THE CHAPTER 1 APPENDIX (NOTE IT IS ALREADY PART OF THE REVIEW GUIDE GIVEN), WHICH DEALS WITH GENERAL GRAPHING QUESTIONS
- ALSO THERE MAY BE QUESTIONS ON PROBLEMS W/CORRELATION VERSUS CAUSATION and FOREIGN Exchange
chapter 5 review packet available on Classroom.Google
APEcon Ch. 1 1st part.pptx
APecon Investing Abroad World Trade 2011.pdf
(several slides on Comparative Advantage)
apecon Prod Poss Curve (PPC) ppt.pptx
Other material
Paul Solman videos
Competition and Deregulation (creative destruction and cost of regulation focus on airlines)
https://www.youtube.com/watch?v=2RgJE8a6k6M
Macroeconomicshttps://www.youtube.com/watch?v=zWL-437Hkd8
the business cycle
https://www.youtube.com/watch?v=zWL-437Hkd8
productivity
https://www.youtube.com/watch?v=zWL-437Hkd8
Productivity- The Dark Side (laundromat)
https://www.youtube.com/watch?v=F4RJap3NZPY
specialization
https://www.youtube.com/watch?v=w16oEH05YBM
Private Property
https://www.youtube.com/watch?v=uGcU06fhKq8
capitalism v. socialism
https://www.youtube.com/watch?v=NtnQbHZ2P7E
Externalities
https://www.youtube.com/watch?v=6DfRVYoyPMg
Chapter 3
supply curve
https://www.youtube.com/watch?v=TebUl_Rh0Sg&disable_polymer=true
the demand curve
https://www.youtube.com/watch?v=Ss9Ct3_JFd4
equillibrium
https://www.youtube.com/watch?v=zWL-437Hkd8
Curve Shifting
https://www.youtube.com/watch?v=ivqhZ4fQrro
Pareto Optimal and maximizing Surplus
https://www.youtube.com/watch?v=ictUYjkQeZU
Oprah Curve- Supply Curve (inequality)
Oprah Curve-
DEADWeight Loss- Christmas
https://www.youtube.com/watch?v=6DfRVYoyPMg
chapter 6
Marginal Productivity and Street Smarts
https://www.youtube.com/watch?v=1eO90aV-5G8
elasticity
https://www.youtube.com/watch?v=ZDPNY7yfjsE
opportunity costs
https://www.youtube.com/watch?v=Rzl7wc0JhYU
Chapter 9
Perfect (Pure) competition
https://www.youtube.com/watch?v=1eO90aV-5G8
Problems in Capitalism
Chapter 4
Profit
https://www.youtube.com/watch?v=eyzDtyy_ghw
Business Ethics I
https://www.youtube.com/watch?v=6P3PKU8yvoY
Business Ethics II (principle-agent)
https://www.youtube.com/watch?v=6P3PKU8yvoY
Macro Issues
Deficit and Debt
https://www.youtube.com/watch?v=KkQI_rsg_Ds
Fed Reserve I
https://www.youtube.com/watch?v=Sufm3WhQM40&disable_polymer=true
Fed ReserveII
https://www.youtube.com/watch?v=SXchmYoAMAg